v3.26.1
Segment information - Schedule of Reportable Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Total net revenues $ 1,361 $ 1,350 $ 2,658 $ 2,642
Cost of operations 936 920 1,816 1,796
General and administrative expense (138) (143) (279) (297)
Depreciation expense (182) (170) (359) (328)
Amortization expense (55) (54) (111) (108)
Acquisition, transaction, and other expense 0 (37) (4) (52)
Restructuring, impairment, and gain (loss) on disposals 4 (3) 1 18
Equity income (loss), net of tax 0 3 (3) (1)
Gain (loss) on foreign currency transactions, net 0 26 3 42
Interest expense, net (87) (67) (171) (127)
Other nonoperating income (expense), net 0 1 1 1
Net income (loss) before income taxes (33) (14) (80) (6)
Total capital expenditures for property, plant, and equipment 153 156 327 267
Operating segments        
Segment Reporting [Line Items]        
Total net revenues 1,361 1,350 2,658 2,642
Income from operations 428 435 849 852
Reconciling items        
Segment Reporting [Line Items]        
Stock-based compensation expense and related employer-paid payroll taxes in cost of operations (3) (5) (7) (6)
General and administrative expense (138) (143) (279) (297)
Depreciation expense (182) (170) (359) (328)
Amortization expense (55) (54) (111) (108)
Acquisition, transaction, and other expense 0 (37) (4) (52)
Restructuring, impairment, and gain (loss) on disposals 4 (3) 1 18
Equity income (loss), net of tax 0 3 (3) (1)
Gain (loss) on foreign currency transactions, net 0 26 3 42
Interest expense, net (87) (67) (171) (127)
Other nonoperating income (expense), net 0 1 1 1
Corporate activities        
Segment Reporting [Line Items]        
Total capital expenditures for property, plant, and equipment 21 27 48 48
Global Warehousing        
Segment Reporting [Line Items]        
Total net revenues 1,005 970 1,990 1,914
Global Warehousing | Operating segments        
Segment Reporting [Line Items]        
Total net revenues 1,005 970 1,990 1,914
Cost of operations 638 603 1,259 1,187
Income from operations 367 367 731 727
Total capital expenditures for property, plant, and equipment 130 127 274 215
Global Warehousing | Operating segments | Labor        
Segment Reporting [Line Items]        
Cost of operations 391 368 772 724
Global Warehousing | Operating segments | Power        
Segment Reporting [Line Items]        
Cost of operations 55 51 109 100
Global Warehousing | Operating segments | Other warehouse costs        
Segment Reporting [Line Items]        
Cost of operations 192 184 378 363
Global Integrated Solutions        
Segment Reporting [Line Items]        
Total net revenues 356 380 668 728
Global Integrated Solutions | Operating segments        
Segment Reporting [Line Items]        
Total net revenues 356 380 668 728
Cost of operations 295 312 550 603
Income from operations 61 68 118 125
Total capital expenditures for property, plant, and equipment $ 2 $ 2 $ 5 $ 4